Personal Loan for Hobbies

Frequently Asked Questions

• 1. What are the advantages of choosing a Personal Loan for hobbies from KreditBee?

  • 100% online
  • Loans start from ₹6,000 to ₹10 Lakhs
  • Applications accepted 24x7
  • Hassle-free documentation
  • Get your loan disbursed in just 10 minutes

• 2. What is the process of applying for a Personal Loan for Hobbies from KreditBee?

  Securing any type of loan from KreditBee is as simple as it can get. Get EMI without a credit card from KreditBee by following these steps:

  1. Sign up with your mobile number.
  2. Check your eligibility using your basic information.
  3. Upload required documents.
  4. Provide your bank account details.
  5. Get the loan amount credited directly into your bank account.

• 3. What is the benefit of choosing a Personal Loan for hobbies from KreditBee over a personal loan from a bank for similar purposes?

  KreditBee's financing procedure is entirely online, so you may apply for a Personal Loan for hobbies from the convenience of your home. The process is simple and fast. The loan amount is disbursed in 10 minutes into your bank account, where you can use them any way you like

• 4. What are the different Online Loans KreditBee offers?

  KreditBee offers a range of loans to individuals and businesses, including:

  • Flexi Personal Loan
  • Personal Loan for Salaried
  • Personal Loan for Self-Employed

• 5. What paperwork is required to submit an application for a Personal Loan for hobbies on KreditBee?

  To apply for a Personal Loan for hobbies with KreditBee, you will be required to submit a soft copy of your photograph (selfie), your PAN card for identity verification, and documents for address verification such as your passport and voter ID or Aadhaar.

• 6. Do I need to fulfill any requirements before applying for a Personal Loan for hobbies on KreditBee?

  Yes, we must confirm that the KYC documents provided on the app correspond to the person submitting their information to comply with our KYC criteria.

• 7. Apart from my KYC documents, what employment details/documents are required to apply for a Personal Loan for hobbies?

  To process a loan application for a salaried individual, we will require some basic information about your employment, such as:

  • Organizational specifics (like company name)
  • A photo of your office ID card
  • Official work Email ID
  • Salary slip
  • Payroll account information

  If you are self-employed, you must submit the bank statement for the last six months along with the above-mentioned documents.

• 8. What is meant by credit score?

  Your credit score predicts your likelihood of making timely loan payments. Your credit score is generated by a scoring algorithm using data from your credit report to generate your credit score. A person's creditworthiness, or capacity to pay back debt, is determined by their credit score.

  Credit bureaus publish credit scores. Credit bureaus are businesses that gather credit data and produce unique credit reports. Four credit bureaus in India - TransUnion CIBIL, Experian, CRIF Highmark, and Equifax, prepare this credit score.

• 9. How is my credit score connected to the Personal Loan for hobbies that I avail of from KreditBee?

  Your credit score can be raised by using KreditBee. Accepting a personal loan for hobbies from KreditBee and repaying it on time demonstrates your ability to handle debt responsibly, improving your credit score. A better credit score makes it easier to get a bigger loan from us or any other bank or financial institution in the future.

• 10. How can I repay my loan?

  You can pay off an existing loan by going to the repayments section of our KreditBee app and following the payment instructions. You can pay back your personal loan in many ways, including debit cards, online banking, and UPI.

• 11. I am unable to repay my loan on the mobile app. Is there any other way to do so?

  Only the KreditBee app supports KreditBee loan repayments. If you are experiencing difficulty repaying your loan, please contact us via email at [email protected] so that we can investigate and advise you on the best course of action.

• 12. Can I repay the loan before the due date?

  You certainly can. Send an email to [email protected] asking permission to pay off your loan early.

• 13. What is the available repayment tenure for a personal loan from KreditBee?

  The repayment tenure for an online loan from KreditBee ranges from 6 to 60 months. The tenure depends on the type of loan availed, the amount of the loan, and the repayment plan chosen by the borrower at the time of applying for the loan.